Record Gold Rally Hits Pause as U.S. Treasury Yields Climb Gold prices experienced a slight decline on Tuesday, falling 0.3% to $2,375.50 per ounce as a result of high U.S. Treasury yields and profit-taking by investors. The dip follows a significant rally that brought gold to a record high of $2,431.29 last Friday. The increase in yields, particularly the 10-year Treasury note reaching 4.63%, reflects a market reaction to stronger-than-expected U.S. retail sales in March. This economic indicator has led to a decrease in expectations for rate cuts in 2024. Despite the current pause, gold has risen 15% this year, buoyed by prolonged inflation expectations, heightened safe-haven demand due to ongoing Middle East tensions, and substantial buying by central banks. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Copper Prices Hit Record Highs Indicating Economic Resurgence READ MORE The Looming Threat of Empty Office Buildings READ MORE Fed's Dot Plot to Reveal Insights on Potential Rate Cuts READ MORE Rogoff Warns: Biden and Trump Policies Could Skyrocket US Debt READ MORE Morgan Stanley Predicts Continued Dominance of U.S. Dollar as Global Reserve Currency READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment